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Category Archives: Financial System

Annual Survey of State Government Finances

“The 2015 Annual Survey of State Government Finances provides a comprehensive summary of annual survey findings for state governments. The findings show revenues, expenditures, debt, and cash and security holdings for each state, as well as a national summary of state government finances. The major source of these public finance statistics are the states’ own… Continue Reading

Trends in Prevailing Wage Laws, 2017

Council of State Governments: “Prevailing wage laws are laws created by state governments or local municipalities to set a rate of pay that is thought to be standard for a labor group contracted to do public-sector projects in that area. The standard rate of pay is oftentimes determined by analyzing local wage data and identifying… Continue Reading

CNN: Senate Russia investigators ask Treasury criminal division for Trump financial information

“Senate Russia investigators have sent a request to the Treasury Department’s criminal investigation division (..FinCEN is the federal agency that has been investigating allegations of foreign money-laundering through purchases of US real estate…) for any information related to President Donald Trump, his top officials and his campaign aides, the top Democrat (Sen. Mark Warner –… Continue Reading

Treasury launches upgraded federal spending website

“Beta.USAspending.gov is the new official source of accessible, searchable and reliable spending data for the U.S. Government. Treasury released this new version of the USAspending.gov site in accordance with the Digital Accountability and Transparency Act (DATA Act) requirements. The “Beta” site will run concurrently with the previous version of the USAspending.gov website over the summer… Continue Reading

CRS – Job Creation in the Manufacturing Revival Marc Levinson Section

Job Creation in the Manufacturing Revival, Marc Levinson, Section Research Manager. May 5, 2017. [via FAS] “The health of the U.S. manufacturing sector is of ongoing interest to Congress. Numerous bills aimed at promoting manufacturing are introduced in each Congress, often with the stated goal of creating jobs. Implicit in many of these bills is… Continue Reading

CRS – Shutdown of the Federal Government: Causes, Processes, and Effects

Shutdown of the Federal Government: Causes, Processes, and Effects. May 5, 2017. [via FAS] “Then federal agencies and programs lack funding after the expiration of full-year or interim appropriations, the agencies and programs experience a funding gap. If funding does not resume in time to continue government operations, then, under the Antideficiency Act, an agency… Continue Reading

Consumer Reports – How the Affordable Care Act Drove Down Personal Bankruptcy

How the Affordable Care Act Drove Down Personal Bankruptcy Expanded health insurance helped cut the number of filings by half by Allen St. John May 02, 2017: “As legislators and the executive branch renew their efforts to repeal and replace the Affordable Care Act this [past] week, they might want to keep in mind a… Continue Reading

Bill in NY legislature seeks release of Trump tax returns

CNN Money: “Some Democratic state senators in New York are trying an end run to get Donald Trump’s taxes into the public view by introducing legislation that would reveal his state tax returns for the last five years. The legislation — dubbed the Tax Returns Uniformly Made Public Act (or TRUMP Act) — would require… Continue Reading

Report – High Finance, Political Money, and the U.S. Congress Report

The Roosevelt Institute: “Social scientists have traditionally struggled to identify clear links between political spending and congressional voting, and many journalists have embraced their skepticism. A giant stumbling block has been the challenge of measuring the labyrinthine ways money flows from investors, firms, and industries to particular candidates. Ferguson, Jorgensen, and Chen directly tackle that… Continue Reading

More common now for young adults to live at home and for longer stretches

“Through both recession and recovery, the share of young adults living in their parents’ home continues to rise. Today’s young adults are also more likely to be at home for an extended stay compared with previous generations of young adults who resided with their parents, according to a Pew Research Center analysis of U.S. census… Continue Reading

OECD Skills Outlook 2017

“Since the 1990s, the world has entered a new phase of globalisation. Information and communication technology, trade liberalisation and lower transport costs have enabled firms and countries to fragment the production process into global value chains (GVCs). Many products are now designed in one country and assembled in another country from parts manufactured in several… Continue Reading

The 2017 Budget and Economic Outlook

“In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and… Continue Reading